Adjusted income from operations1 (Adjusted EBITDA) for the
quarter was approximately equal to the Prior Year at $6.2 million, or
a 10.3% margin (Prior Year: 10.7%)

Adjusted diluted EPS2 for the quarter was approximately
equal to the Prior Year at $0.04

Adjusted cash generated from operations for the quarter increased to
$11.3 million (Prior Year: -$0.4 million)

Quarter end cash was $90.3 million (Prior Year: $92.5 million)

First Quarter Operating Highlights:

Announced the availability of a free Kofax Mobile Capture app through
the iTunes App Store and Google Play for demonstration and use with
business cards, receipts and other documents

The Association for Information and Image Management (AIIM) published
a report entitled “Distributed and Mobile Capture – Moving the Process
Closer to the Customer,” which contained the results of a survey
revealing that mobile capture is considered a "Game Changer" for
customer focused initiatives

Kofax
Web Capture™ was named to KMWorld Magazine’s prestigious
listing of “Trend Setting Products of 2012”

Chief executive officer Reynolds C. Bish was honored at the 2012
British American Business Awards for leadership in the Southern
California business community

Kofax was added to the FTSE4Good Index Series, a family of share
indexes for companies meeting globally recognized corporate
responsibility standards

A summary of Kofax’s revenue and adjusted EBITDA for the first quarter
compared to the prior year period is as follows:

First Quarter

Unaudited

Y/Y

In

$M

Change

OCC

Software Licenses

22.1

-8.8%

-10.0%

Maintenance Services

29.9

8.2%

8.7%

Professional Services

8.1

22.2%

-6.5%

Total Revenues

60.1

2.8%

-0.8%

Adjusted EBITDA1

6.2

-0.6%

Margin

10.3%

-3.3%

Adjusted Diluted EPS2

0.04

0.0%

Commenting on these results, Reynolds C. Bish, Chief Executive Officer,
said: “Our first quarter produced seasonally weak software license and
professional service revenues and continuing growth in maintenance
service revenues due to increasing renewal rates with total revenues
being consistent with historical trends. This was accomplished during a
quarter in which we changed our head of global sales and services in
order to strengthen leadership in those areas and began implementing
initiatives to gradually improve sales execution and productivity. We’re
therefore pleased to report essentially the same EBITDA as that realized
in the prior year period and strong cash generated from operations.”

Bish continued: ”We remain aware of the unpredictable global
macroeconomic conditions and recessionary environments in many Western
European countries, but these continue to be in line with our previous
expectations. As a result, we are reaffirming our guidance for all of
fiscal year 2013, which is for mid to high single digit total revenue
growth on a constant currency basis and an adjusted EBITDA margin of at
least that reported in fiscal year 2012.”

Conference Call

Reynolds C. Bish and Chief Financial Officer Jamie Arnold will review
the results and conduct a question and answer session via teleconference
on November 6 at 8:00 am UK time. A telephonic replay of the
teleconference will be available by 1:00 pm UK time on November 6. These
can be accessed as follows:

Kofax plc (LSE: KFX) is a leading provider of Capture Enabled BPMTM
solutions. These award winning solutions capture and streamline the flow
of business critical information throughout an organization in a more
accurate, timely and cost effective manner, enabling our customers to be
more responsive to their constituents and better grow their businesses.
Kofax solutions provide a rapid return on investment to more than 20,000
customers in banking, insurance, government, healthcare, business
process outsourcing and other markets. Kofax delivers these solutions
through its own sales and service organization, and a global network of
more than 800 authorized partners in more than 75 countries throughout
the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

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